Home sellers should be clear from the start about what does — and what does not — convey with the sale of their home.
The concept of real property is central to the practice of real estate sales. Real property, in broad terms, is the land and anything permanently attached to it. Personal property, on the other hand, can be thought of as movable items not attached to real property.
Sometimes, a buyer and a seller have differing opinions on what constitutes real property, and will be sold with the home, versus what’s personal property, and can be retained and moved by the seller. That’s why, as a home seller, it’s important to specify upfront exactly what you plan to take with you when you move…especially if it’s attached to the home. [Read more…]